Sueba USA is wrapping up construction on a 353-unit apartment complex at 125 Prairie Pkwy. at the Katy Boardwalk. The Houston Business Journal reports rents at the four-story Boardwalk Square community range from $1,370 to more than $3,000 per month. The studio to three-bedroom apartments measure between 496 and 2,088 square feet
Select units include walk-in showers, patios or balconies.The complex has two courtyards, a leisure and lap pool with tanning ledges and poolside cabanas, a lawn, open-air verandas with seating and TVs, cabanas with gas grills, a pet area and gas fire table
The complex also has a 24-hour fitness center with a dry sauna and cold plunge, a resident lounge with TVs and a gourmet coffee bar, and a co-working area.
Construction began in April 2024 after Sueba secured a $40 million construction loan with Amegy Bank.
The complex is now about 85% built, with final completion expected by August.
Ariel Property Advisors closed the $21-million sale of a development site at 566 Grand Ave. and 836 Dean St. in Prospect Heights, Brooklyn. The corner development site comprises approximately 86,065 buildable square feet and traded for approximately $244 per buildable square foot. The transaction was arranged by Ariel partner Sean R. Kelly along with associate...
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Marcus & Millichap arranged the sale of Knott-Orange Apartments, a 35-unit multifamily property located at 515 S. Knott Ave. in Anaheim. The property sold for $9.65 million, or $275,714 per unit. “This transaction marked the fourth closing from a larger Anaheim-area multifamily portfolio as the seller continues to reposition its holdings through a 1031 exchange...
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JLL Capital Markets arranged $135 million in construction financing and joint venture equity for the development of The Ibex at Ridge Hill, a 282-unit luxury multifamily community at the Ridge Hill mixed-use lifestyle center in Yonkers. Senior managing directors Evan Pariser and Aaron Niedermayer and director John Lowe arranged the senior construction loan with Bank...
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